Transactions 1 On Jan 1 2023, Trayton Eli withdrew $1,000,000 from personal savings and deposited it in the new business checking account for Elis Consulting Services. 2 On Feb 20 2023, Elis Consulting Services issued a $15,000 check to purchase a computer. 3 The firm bought office equipment for $60,000 for cash from Office Plus. 4 Recording Revenue from Services Sold for Cash: During the year, the business earned $900,000 in revenue from clients who paid cash for services that Eli Consulting provided. 5 Recording Revenue from Services Sold on Credit: In the year, Elis Consulting Services sold services on credit to customers for $125,000. 6 Recording Collections from Accounts Receivable: Charge account clients paid $75,000 reducing the amount owed to Elis Consulting Services. 7 In the year, Elis Consulting Services paid $250,000 in salaries. At the end of the year, on Dec 31 2023, Eli recorded the following depreciations: 9 $5,000 depreciation for computer purchased earlier in the year. 10 $10,000 depreciation for the equipment. 11 On Dec 31, 2023, Eli realised some customers will not be able to pay the company. Eli estimated the amount customers will not be able to pay is $25,000. A. Record the GL account entries for the above transactions. B. Balance the GL accounts. C. Prepare a trial balance (TB), IS, owner's equity and BS